Gas Express
Gas Express | 6.50% Cap Rate | 100% Bonus Depreciation | Greenville, AL
Marketing description
Northmarq is pleased to present the opportunity to acquire a retail and fuel investment occupied by Gas Express, LLC in Greenville, Alabama. The subject property consists of a ±2,496 square foot convenience store and Shell branded fueling station situated on a sprawling ±5.00 acre parcel.
The tenant operates under a 20-year absolute NNN lease that originally commenced in December 2022, leaving future investors over 16 years of remaining base term. The lease features 1.5% annual rent escalations throughout the entire base term and all four, five-year renewal options. This structure provides a consistent hedge against inflation and predictable long-term cash flow growth. The offering provides a unique combination of high yield passive income and significant tax advantages through accelerated depreciation due to fee simple ownership. Please contact the listing brokers for more details.
Investment highlights
Long-Term Absolute NNN Lease
Strategic Regional Connectivity & Interstate Location
Dominant Gas & C-Store Operator
100% Bonus Depreciation Potential
Highly Favorable Business Climate
High Visibility & Strategic Access
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